Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > What is a 'Bought Deal' ? Money in the bank !

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Comment by Newbernon May 16, 2016 6:40am

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Post# 24875888

RE:What is a 'Bought Deal' ? Money in the bank !

But why is there such a largest difference in purchase price, $0.87 compared to $0.59?

Marine2 wrote:
It’s good to know that on a Bought Deal PP the money is in the bank no matter where the share price goes !

May 13, 2016:
Integra Gold Corp. Announces Additional $5.0 Million Bought Deal Private Placement Offering

May 13, 2016:
Integra Gold Corp. Announces $20 Million Bought Deal Offering of Flow-Through Shares

What is a 'Bought Deal'

A bought deal is a securities offering where an investment bank commits to buy the entire offering from the client company. A bought deal eliminates the financing risk for the company, which is able to ensure that it raises the intended amount of funds from the securities offering; however, the client firm will likely get a lower price by taking this approach.